Rockingham Specialty, Inc. Receives Inaugural Credit Rating from AM Best
HARRISONBURG, Va., February 27, 2020
AM Best assigned credit ratings to Rockingham Specialty, Inc. (RSI), a new subsidiary of Rockingham Group, Inc., as Financial Strength Rating of A (Excellent) and a Long-term Issuer Credit Rating of “a” with an outlook to these Credit Ratings of stable.
RSI’s balance sheet strength is reflective in the ratings, which AM Best described as strongest as well as its adequate operating performance, neutral business profile, and appropriate enterprise risk management. The ratings of Rockingham Group are extended to RSI as a result of the strategic importance to the group, and direct support provided through the group’s property and casualty operating companies pooling agreement.
Last year, the Virginia Bureau of Insurance licensed Rockingham Specialty, Inc. as the first domestic surplus lines insurer (DSLI) in the Commonwealth of Virginia. The company offers excess and surplus lines insurance in its home state and plans to expand in other states.
President & CEO, Robert Lyon said of the milestone, “the Specialty division of Rockingham Insurance has been offering these products across the nation for several years through Rockingham Insurance and Rockingham Casualty Company. The credit rating is an important milestone affirming the financial strength and position of RSI.”
About Rockingham Specialty
Rockingham Specialty, Inc. headquartered in Harrisonburg, Virginia, offers insurance through Rockingham Insurance Company, Rockingham Casualty Company, and Rockingham Specialty, Inc. Rockingham Specialty works through managing general agencies and general agencies to provide property and casualty coverage that cannot be procured in the standard admitted lines marketplace. Visit rockinghamspecialty.com for more information.
Deb Van Horn, Vice President and Corporate Secretary
(800) 434-7736 x3105
William E. Bayer, Vice President – Marketing
(800) 434-7736 x3108